LIEN Lien

Lien claims to be a self-regulating protocol for creating unique derivative contracts and prevent front-running, the project also claims to be engaging with Certik for security audits of its smart contracts.

The Lien Token (LIEN) is a utility token that the holders can use to receive discounts on the protocol fees that are required when transacting on the Lien Protocol and FairSwap. The Lien Protocol charges a fee (0.2%) when users mint the iDOL stable coin and when users exchange assets using FairSwap (0.3% – variable).

Fees are collected in ETH or iDOL and are then distributed proportionally to holders of the Lien Token as discounts/rebates at the end of each month. 100% of Lien Protocol fees and 20% of FairSwap fees are attributed to Lien Token holders.